Pages

Thursday, November 24, 2011

Housing Prices will stagnate through next year, most economists say

CNBC, the most respected Business News Channel, reported today that U.S. home prices will stagnate through next year and only start recovering in 2013, citing a poll of economists done by Reuters.

In fact, the median sales price for existing homes was 4.7 percent lower in October than it was a year earlier, reported National Association of Realtors this Monday.

On top of that, 33% of Realtors say they've had at least one contract cancelled in October, up from 18% in September.

Considering these, most economists say home prices will keep falling, by at least 5%, through the rest of the year. Many forecasts don't anticipate a rebound in prices until at least 2013.


However, there is still a way to Sell Your House Fast for Cash. Click here for more info.



 

No comments:

Post a Comment